BB&T SBA PPP Loan Application Denied

On Tuesday, April 7th, 2020 it was reported that of $61B in PPP loans approved, biggest two industries are Construction at $9B and Manufacturing at $7B. SBA has increased customer service reps from 300 to 2,700. This can be very frustrating to those that are not in the construction or manufacturing industries. The SBA PPP loan money is very quickly running out.

At 10:00 pm est on Sunday, April 5th, 2020 Wells Fargo announced they reached their capacity and closed the SBA PPP loan application. If this is the case with Wells Fargo it could definitely happen to BB&T as well. Make sure to get your loan application submitted as soon as possible.

It is nice to see BB&T actively working on Sunday, April 5th, 2020 to help customers with the SBA PPP loan program. Here are a few tweets from early Sunday morning:

If you are looking to get payroll protection assistance from the SBA the PPP program may be right for you small business. Unfortunately, we are hearing dozens of people that have applied for a BB&T SBA PPP loan are getting denied.

While BB&T has been around in North Carolina for over 100 years, it has not always been the most “liked” bank. That said, you can find information about the SBA PPP loan at their Truist site here. For those that don’t know, BB&T merged with SunTrust to become Truist in December 2019. Some may not realize the loan and small business information is now on the Truist site.

If you have submitted an application for a BB&T SBA PPP loan and were denied, please comment below and let us know your story. Please be as specific as possible as we want to get the word out.

3 replies on “BB&T SBA PPP Loan Application Denied”

I have been trying to Apply for a PPP loan all day through the Truist site. I can’t remember my password and when I ask to be sent a password reset the site says it has sent a reset to my email , but it never comes through. This is very frustrating as I am sure the monies that have been made available for Paycheck Protection Plan will not last long. Can Truit help .

WHY IS THERE NO CLARITY ON IF MY APPLICATION WAS INDEED RECEIVED AND WHY DOES MY DASHBOARD SAY I STILL HAVE UPLOADES TO FINISH ON MY TO DO LIST EVEN THOUGH I DID SUCESSFULLY UPLOAD ALL OF MY DOCS?? I JUST WANT TO GET CONFORMATION THAT I AM RECEIVED AND IN QUE AND NOT LOST IN SPACE

I submitted my application yesterday Apr 7 and got an email today Apr 8 confirming that it was received. Has anyone gotten further along in the process?

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